Sandip Rana Sells 10,000 Shares of Franco-Nevada (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Sandip Rana sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$344.87, for a total transaction of C$3,448,700.00. Following the transaction, the insider owned 60,274 shares in the company, valued at C$20,786,694.38. This represents a 14.23% decrease in their ownership of the stock.

Franco-Nevada Stock Performance

Shares of TSE:FNV opened at C$365.83 on Friday. Franco-Nevada Co. has a 52-week low of C$251.73 and a 52-week high of C$388.22. The company has a market capitalization of C$70.55 billion, a P/E ratio of 47.82, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96. The company has a 50-day simple moving average of C$308.52 and a 200 day simple moving average of C$325.39.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$2.57 EPS for the quarter. The business had revenue of C$825.33 million during the quarter. Franco-Nevada had a return on equity of 18.95% and a net margin of 63.83%. As a group, equities analysts forecast that Franco-Nevada Co. will post 3.1114111 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FNV shares. Stifel Nicolaus boosted their target price on Franco-Nevada from C$380.00 to C$390.00 in a report on Friday, July 17th. National Bank Financial raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating and lifted their price objective for the stock from C$410.00 to C$420.00 in a research report on Wednesday, May 13th. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus price target of C$356.56.

About Franco-Nevada

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.